8 Stocks Under $10 Moving Higher

When a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.

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Alimera Sciences ( ALIM) is a biopharmaceutical company that specializes in the research, development and commercialization of prescription ophthalmic pharmaceuticals. This stock is trading up 7.2% at $3.89 in recent trading.

Today's Range: $3.65-$3.95

52-Week Range: $1.09-$9.28

Volume: 157,000

Three-Month Average Volume: 339,340

From a technical perspective, ALIM is ripping higher today and flirting with some near-term breakout levels on light volume.

Traders should look for long-biased trades if ALIM can take out some near-term overhead resistance at $3.91 with volume. Look for a sustained high-volume move and close above that level that registers near or above 339,340 shares. If we get that action today or soon, look for ALIM to trigger an even bigger breakout if the stock can take out $4.43 to $5.06 (200-day) with volume.

Any high-volume move above those levels will set this stock up to run back towards $8 since there's very little overhead resistance until that price point.